Refinance Calculator
See if refinancing your mortgage makes sense
Refinancing Makes Sense!
You'll save $9,647.91 over the loan
Current Loan
Remaining Balance$250,000
Current Rate7.5%
Years Remaining25 years
Current Payment
$1,847.48/mo
New Loan
New Rate6%
New Term30 years
Closing Costs$5,000
New Payment
$1,498.88/mo
Monthly Savings
$348.6
Break-Even
15 months
Lifetime Savings
$9,647.91